So I started trading a system a while back that allowed me to combine a really simple hourly trend with 2 EMAs. I have to preface this right now, I learned alot of the logic for this system from the Corn Flower EA (Thanks Lever, from all of us). I changed the parameters a little and decided to go with an 18 and 45 EMA cross system. No emotion, no other indicators. I haven't programmed an EA for this, but it does run off of an idicator that alerts with sound and sends out an email. Emails and alerts are sent out after the close of the bar, which could be changed to suit ones taste. I literally go long when the email tells me, and go short when the time is right. Like I stated, no emotion. Here's where you guys come in. At this time the indicator is programmed and sends emails nicely, but it sends one for every bar. This means every hour. Not too annoying, but can be fixed and I'm scratching my head without a little help with the programming. I have attached an example setup, which is shown with pink and blue arrows developing on the chart at the time of the email. I haven't tested this on timescales lower than 1hr, because I quite frankly don't like that many setups. I think the 18 and 45 EMA compliment each other well and do not give too many whip-saw entries. That being said, this is a trending indicator that builds pips for days, no short trades unless you're exiting because the tide has turned and you need to close and enter in the opposite direction. I have used most of the majors and don't find that one stands out more than the others as being more consistent and successful. This will be about personal preference anyways. Without further delay, check the examples, see what you think, and I have also attached the Indicator (put in indicator folder of MT4 if you didn't know). Anyone care to take a stab at a live trading EA or a true back test?
If this system is already out there and I am out of line, please let me know!
P.S. Sorry for the name of the system, but it does catch the eye right?
If this system is already out there and I am out of line, please let me know!
P.S. Sorry for the name of the system, but it does catch the eye right?
"60% of the time it works...every time"